The European Securities and Markets Authority (ESMA) added 15 crypto-asset service providers to its interim MiCA register in the update dated 24 July, among them BNY SA/NV, the Belgian subsidiary of BNY Mellon, lifting the number of licensed firms across the European Union to 309. The additions form the third batch of entries since MiCA’s
Ripple has launched Ripple Mint, a unified platform that gives institutional customers a single interface to access, mint, redeem, and manage Ripple USD (RLUSD) through either a web console or programmatic integration. The launch streamlines RLUSD issuance and redemption by bringing operational controls, automation, and transaction visibility into one platform as stablecoins become increasingly integrated
Intel Corporation (NASDAQ:INTC) beat Wall Street on revenue, earnings, margin and guidance in the second quarter and still reported a net loss of $11 billion. The chipmaker posted revenue of $16.13 billion, up 25% year on year and its fastest growth in more than fifteen years, against a consensus near $14.42 billion. Adjusted earnings were $0.42
South Korean crypto exchange Korbit said Mirae Asset Consulting, part of Mirae Asset Group, which oversees more than $1 trillion in assets under management, has become its largest shareholder after completing the required regulatory process, placing the country’s first virtual asset exchange under the control of one of its largest financial groups. Korbit announced the
Oil climbed to a six-week high on Wednesday as a threatened Houthi naval blockade of Saudi Arabia pushed a second Middle East shipping chokepoint into the market’s risk calculation. Brent crude futures rose 4.2% to $94.83 a barrel at 09:38 GMT after touching a session high of $95.24, according to Reuters, while West Texas Intermediate gained
FinWise Bancorp has acquired the technology platform behind its co-branded credit card programs, ending a nine-month arrangement in which a third party ran the infrastructure and shared the economics. The Murray, Utah lender, listed on Nasdaq as FINW, said the deal gives it end-to-end ownership of card issuing from application through servicing. The move is
Sometimes the most interesting regulatory changes are not the ones that create new rules. They are the ones that quietly remove existing ones. That is what happened on July 17, when the Commodity Futures Trading Commission (CFTC) eliminated the routine daily reporting requirements for large physical commodity swaps under Part 20 of its regulations. The
Airbnb CEO Brian Chesky said his X account was hacked and that a thread promoting real-world asset (RWA) tokenization, which circulated for days as apparent thought leadership, was written by an attacker and heavily AI-generated. The now-deleted posts argued that tokenization could make buildings, bonds and funds easier to divide, trade and settle, and referenced
Most networking in the online trading industry happens around conferences. Conversations are squeezed between panel sessions, scheduled meetings and exhibition stands, often competing with packed agendas and hundreds of other attendees. Finance Beach Mixer was built around a different idea: remove the conference altogether and make networking itself the main event. The inaugural edition took
The Commodity Futures Trading Commission has accused a North Carolina commodity pool operator of orchestrating a $14 million investment fraud that allegedly concealed catastrophic trading losses through fabricated account statements and Ponzi-like payments to investors. The civil enforcement action highlights the regulator’s continued focus on fraudulent commodity pools that increasingly blur the line between traditional